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2 bedroom flat for sale
16 Scott Road, Irvine, KA12 8EY
£47,000
16 Scott Road, Irvine, KA12 8EY
£47,000
Our Summary
- Fantastic refurbishment opportunity
- Property requires a degree of renovation
- Sure to appeal to builder/investor looking for Rare auction property
- Property requires full renovation
- Local sales evidence: 7 Rubie Crescent, Irvine, KA12 8HA 2 bed previously sold for 74,000 in 2024 28 Merryvale Road, Irvine, KA12 8EU previously sold for £70,000 in 2023 Excellent Development/Refurbishment Opportunity
- Brilliant Investment Opportunity
- Sure to appeal to investors looking for an easy lettable flat in a sought after location with great potential for future Capital Growth
- Property has a Guide price of £47,000 and is sure to appeal to investors looking for an affordable investment property that they can put their own stamp on
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
This property is a fantastic refurbishment opportunity in Irvine, Ayrshire, Scotland. The 2-bedroom flat is being sold at a guide price of £47,000, which is a significant reduction from its previous sale prices of £95,000 and £105,000. The property requires a degree of renovation, but once completed, it is expected to attract a monthly rental of £550-£600, generating an annual gross income of £6,600-£7,200. The property is located in a prime area, close to local amenities, including popular coffee shops, bars, and restaurants. With its high yield potential and excellent capital growth prospects, this property is sure to appeal to investors and builders looking for a rare auction opportunity.